Samsung earnings hurt by Galaxy S6 supply shortage

A
man stands next to a banner promoting Samsung Electronics'
smartphone Galaxy 6 at a store in SeoulThomson Reuters

Samsung Electronics Co Ltd said on Thursday its April-June
operating profit fell 4 percent from a year earlier, in line with
its earnings guidance, hurt by a supply shortage for one of its
main smartphone models.

Samsung, the world's top smartphone maker, reported a 6.9
trillion won ($5.9 billion) profit for the second quarter,
matching a preliminary estimate given early this month. It was
its best quarterly operating profit in a year.

Profit for the mobile division fell to 2.76 trillion won from
4.42 trillion won a year earlier. Analysts say the South Korean
firm struggled to meet demand for the S6 edge phone because the
curved screen for the device is harder to make.

(Reporting by Se Young Lee; Editing by Edwina Gibbs)

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